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Five Below's stock rating was upgraded to "hold," but economic challenges loom for consumer businesses.
Five Below's stock rating was upgraded from "sell" to "hold" by StockNews.com, with an average price target of $102.16. The company's earnings of $3.48 per share beat analyst expectations by $0.10. Despite this, experts warn that consumer-facing businesses like Five Below may face challenges due to high inflation, rising interest rates, and worsening consumer sentiment, potentially signaling a tougher economic year ahead.
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